. >> it's a tough day in technology. qualcomm just reporting its numbers. its second quarter, the revenues coming in at $6.12 billion. that compares to an estimate of $6.09 billion. it looks like revenue certainly better than expected for the second quarter at qualcomm. and we're lacking at the stock actually trade lower in the extended hours right now by about 4.5%. the revenue is out and it is higher that what the expectations were, but we're -- earnings the right the line, $1.17 on the earnings, we're just get right now, as you can see very much what the street was expecting on earnings. stocks still trading down. we'll get to jon fortt in a moment, who will be on the phone with paul jacobs and he's going to join us in a moment with more details on what's going on there. but in the meantime, let's talk about investing in this market. michael, you're basically looking at a tough, broad landscape. nathan, do you agree with that? >> i do, but i think maybe not for the same reasons as michael does. first off, earnings are coming in fine, but maria, revenue i